Wednesday, March 28, 2012

Prada international placement over-subscribed by more than 3 times


According to the Hong Kong media reports, the Hong Kong IPO to continue the cold wind, the world's largest luggage brand Samsonite (Samsonite,, 1910) yesterday completion of the IPO, only recorded a slight over-subscribed, and another message from the fund industry, refers to the International Placing before the end of yesterday the Samsonite notified institutional investors has narrowed the offer price range, the upper limit is compared with the previous reduction of 11.5 percent to 15.5 yuan, to strive for more subscription amount, but the corresponding fund-raising limit will be reduced from 1.34 to 10.4 billion yuan. Stock public offering of a total freezing of funds approximately $ 1.4 billion, is expected to price today.





Samsonite's latest offering documents, the offer price range from 13.5 to 17.5 yuan, narrowed to 14.5 to 15.5, the lower the upper limit of 11%, a limit is increased by about 7% in 2011 forecast earnings accordingly from 21.3 to 27.7-fold to less than 20 times, ranging from 18.3 to 19.5 times.





One of the underwriters UBS earlier forecast of a new beauty 2010-2012 compound annual growth rate of up to 46% of the original offer price, equivalent to 0.5 to 0.6 times earnings growth (PE / G, price - earnings ratio divided by earnings growth, and pointer measure of stock valuation, digital low compared to those worth to buy), and the offer price of narrowing the ratio dropped to 0.4 times.





Prada international placement over-subscribed by more than 3 times





As for next week before a public sale of the Italian designer Prada (1913), although the forecast price-earnings ratio of the maximum offering price of up to 28 times, still no shortage of institutional investors sought after news that the international placement so far has been more than three times oversubscribed.





Xiangyu dredging Fax Partners in flying





The next day the mainland's largest private dredging service providers offering Xiangyu dredging (0871) Today, there pumping fly "love ǎ the five small and medium-sized brokerage its cumulative lending of 12 million yuan amount of margin, a decrease of 1 million yuan from Wednesday Public Offering has not been fully subscribed. Market sources said, Xiangyu dredging yesterday international placement has been oversubscribed, into the fly, including the Partners Fund.





Despite the volatile market conditions near the end of June, many queuing listed companies speed up the preparations for the pace. In addition to Prada, next week there are new shares commence promotion, including the swimsuit manufacturer Hosa, diesel generator core power unit builders Xingyuan ability, men's casual wear brand operators Chinese clothing, the newly created (0659) 's new mines resources, renewable energy stocks Jingneng clean energy, and two information technology companies fiber optic networks and Broadway.


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